1. Appointment

This Agreement sets out the terms governing our relationship with you. This includes the basis pursuant to which Vault may make certain Recommended Allocations for your Investment Strategy and execute your Investment Strategy on your behalf. This Agreement will become legally binding, and we will start providing our services, as described herein, to you, once we have received confirmation of your completed account opening process for your Broker Account and you have satisfactorily completed all know-your-client, client onboarding, anti-money laundering verification processes required under the applicable FSRA Rules and our internal policies and procedures.

1. Vault provides you with a simple advisory service with a view to you investing your funds in recommended Investment Strategies. We will ask you certain questions about your financial circumstances such as your annual net income and liquid net wealth, to help us identify which Investment Strategy is suitable for you to invest in. We will not advise you on any existing investments you may currently hold, the efficiency of your approach to paying off any debts, tax efficiency (or any other tax advice), or whether any particular income needs will be met. Should you need advice on your wider personal financial circumstances, you may contact your assigned personal advisor or one of our financial advisors at [e-mail]. In addition to this Agreement, the terms of any Investment Strategy which you adopt, the Broker Account Terms, and the terms of Vault’s Privacy Policy will apply to you. You represent and warrant to us that:

   1. you are duly authorized to enter into this Agreement;

   2. you are over the age of 18;

   3. you are not a resident or citizen of, or the holder of a Green Card issued by, the United States of America;

   4. you are the sole owner of the funds invested through your Vault Account and are (subject to the provisions of clause ‎29 (Joint Vault Accounts)), the only person entitled to the funds and assets accessed through your Vault Account;

   5. all information provided to Vault, including but not limited to information submitted during the Know Your Customer (KYC) and client onboarding processes, as well as any information provided for the purposes of Client Classification as defined in the FSRA Rules, is complete, true, and accurate to the best of your knowledge at the time of submission;

   6. you undertake to promptly update and notify Vault of any changes to the information provided, or if any information becomes inaccurate or misleading, ensuring that Vault always has the most current and accurate information necessary to comply with regulatory requirements and to provide services under this Agreement; and

   7. you will promptly notify us if any of these representations and warranties ceases to be true.

2. You acknowledge that an investment carries with it the risk of loss of some or all of the capital you have invested through the Vault Account. Furthermore, Vault gives no assurance or guarantees that the value of investments through your Vault Account will not decrease or that the investment held through your Vault Account will generate either profits or income, or that any investment or savings goals you may have (even where you notified us of them) will be achieved.

3. Vault does not provide you with any taxation, administration, legal or accounting services or advice.

4. You acknowledge and agree that where we are required to do so in accordance with FSRA Rules and applicable law, Vault may at any time cancel, suspend or restrict your Vault Account, including your Broker Account. Vault is not required to provide you with notice or justification in circumstances where doing so would breach a Vault obligation under the FSRA Rules or applicable law.